Melbourne-based fans are encouraged to hit Melbourne’s City Square – on the corner of Swanson St and Collins St – for the latest instalment of the countdown to the Australian Grand Prix.

The 1980 World Champion – the last for Australia – will unveil the Australian Grand Prix ‘Giant Helmet’ at midday, where fans will be able to step inside the world of Formula 1, with exhibits of memorabilia, including the race suits worn by Sebastian Vettel and Mark Webber at last year’s race.

Attendance for this year’s event also looks to be tracking well, with reports that ticket sales are currently tracking close to 40% better than for last year’s race weekend.

“[We’ve seen] the highest corporate hospitality sales in over two years. All of these things point to a great turnout in March and we have an incredible event planned,” said Andrew Westacott, acting Chief Executive Officer of the Australian Grand Prix Corporation.

“Sponsorship is also tracking beautifully and we are happy to welcome Red Bull, Pepsi, Porsche, Lexus and Renault to the Grand Prix family in 2011. We have also re-signed three year deals with LG and Vodafone and look forward to working with them again,” he added.